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News•May 2, 2016

Texas Auction and Make-A-Wish Host Fundraising Sale

The Texas Lone Star Auto Auction, an XLerate Group auction, asked dealers to open their hearts and their checkbooks this past week for a fundraising sale benefiting the Make-A- Wish Foundation.

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News•May 2, 2016

KAR Names VP of Investor Relations and Treasurer

KAR Auction Services, Inc. announced that Mike Eliason has been named vice president of investor relations and treasurer.

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News•April 28, 2016

AutoIMS Expands Service Team

Reinforcing its commitment to bring the remarketing industry together, AutoIMS announced an expansion of its Client Services team through the hiring of an industry veteran and the naming of a new vice president.

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News•April 28, 2016

Manheim Adds Two-Way Texting Transaction Feature

Manheim is the first in the industry to offer a two-way texting feature, OVE Text Notifications, that allows buyers and sellers to negotiate transactions via text. It can be accessed through the company's mobile app or the OVE online platform.

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News•April 27, 2016

KBB: Auction Values Decrease in Q1

Overall, auction values for used 1- to 3-year-old vehicles declined 1.3%, or roughly $235, in the first quarter of 2016.

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News•April 26, 2016

Used Truck, Full-Size Van Prices Weaken

Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.

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News•April 25, 2016

Bel Air Auto Auction Turns 69

Bel Air Auto Auction brought the gavel down on sixty-nine years in the auction business with their anniversary sale this past Thursday, April 21. Dealer, fleet-lease, and institutional vehicles filled the lanes.

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News•April 22, 2016

Average Used Vehicle Selling Price Reaches $19,397

The average selling price of used vehicles sold by new-vehicle dealerships reached $19,397, according to the National Automobile Dealers Association (NADA)'s 2015 Financial Report.

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News•April 22, 2016

IARA's 15th Annual Summer Roundtable Goes to Toronto

The International Automotive Remarketers Alliance (IARA) is celebrating its 15th anniversary in Toronto with its annual Summer Roundtable. The conference will take place August 9-11 at the Sheraton Centre Toronto Hotel in Toronto.

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News•April 21, 2016

Car-Buying Startup Launches Used Car Leasing Option

Beepi, a car-buying startup, announced that it will be adding a leasing option for its used-car buying service.

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